VTB Bank is seeking to declare VIM-Avia bankrupt.

by Editor • 17.02.2015 • 0 Comments

VTB Bank has filed a new lawsuit against VIM-Avia, demanding that the airline be declared bankrupt.

This is VTB's second attempt to bankrupt the airline. The bank filed its first lawsuit in late January 2015, but the court dismissed it. In November 2014, VTB Bank won a judgment in the Moscow Arbitration Court against VIM-Avia for $961,6 under a 2006 credit line (for a total of $1,5 million) and $1,8 million under a 2009 credit line (for a total of $13 million).

The newly filed claim is due to the fact that, in the intervening period, VIM-Avia has not offered any constructive solutions for repaying the debt to the bank.

The date for the new trial is currently unknown, but information has emerged that Sberbank also intends to file a lawsuit seeking to have VIM-Avia declared bankrupt.

Since 2002, VIM-Avia LLC has been operating scheduled and charter passenger flights from Moscow and regional Russian centers to cities across Russia, Europe, Asia, and North Africa. The company is owned by Rashid and Svetlana Mursekaev. The carrier operates ten Boeing 757-200 and four Airbus A319 aircraft and is based at Moscow's Domodedovo Airport.

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